投资者

In typical hard-bitten style, investors understand that, when it comes to China and the west, there will be good days and there will be bad days.

投资者们以典型的顽强方式认识到，一说到中国与西方的关系，通常是阴晴不定，丰歉不一。

This is the logic of the hard-core trader and momentum investor.

这就是中坚交易员和动量投资者的逻辑。

We are in a very precarious position because investors' confidence is disconnected from any hard-hitting analysis of what is underlying the economy.

我们正处在非常危险的状态中，因为对深层经济因素的坦率分析已将投资者的信心搞得支离破碎。

This failed to materialise on Thursday, but Hartnett suggests investors stayed optimistic because they decided it boded well that the government thought another rescue package was not necessary.

到了3月5日，这未能变成现实。但哈特尼特表示，投资者依然保持乐观，因为他们认定，政府认为没有必要再推出一个援救计划，这是个好的征兆。

Keywords Momentum;contrarian;investor psychological models;asymmetric information;behavior finance;Hasbrouck models

惯性效应；反转效应；投资者心态模型；信息不对称性；行为金融； Hasbrouck模型

Affected by the investor structure's particularity,the result of market trade information in Shanghai and Shenzhen A-share stock markets shown by Hasbrouck model is a dumbbell shape with both ends dissymmetrical.

受我国沪深A股市场投资者结构特殊性的影响，Hasbrouck模型显示的沪深A股市场的市场交易信息含量统计结果呈现两头不对称的哑铃形状，即交易信息含量比重很高的股票比例大大小于交易信息含量比重低的股票比例，实证结果不同于美国纽约股票交易市场采用Hasbrouck模型呈现的纺锤形状，即两头比例很低，结果基本集中在平均值附近。

Moreover, because of these transactions, investors have lost influence over their company to a dominant shareholder.

而且，因为这些交易，投资者丧失了对公司的控制权，让给了一个具有支配权的股东。

When trust breaks down across banks, investors have no option but to walk away from financial assets.

如果银行之间相互失去了信任，投资者就只能避开金融资产。

It is going to take a significant clearing of this haziness for investors to back this stock .

要让投资者支持新浪的股票，就需要厘清这种不确定的状态。

Is now seen by some investors and analysts as a headwind to the recovery.

某些投资者和分析师将其看作是经济复苏的阻力。

Life. But the intrinsic way of the Internet by wire confines accessing and using of the network information.

然而，Internet固有的有线连接方式大大限制了人们对网络信息的访问和使用。

I have a strong persuasion that this is true .

我坚信这是正确的。